The National Income
Committee (NIC) set up in 1949 by the Government of India under the
Chairmanship of Prof. P.C. Mahalanobis recognised the need for
contribution from a wider group participating in research on national
income and allied subjects to address various issues relating to
estimation and compilation of national income estimates. The NIC
recommended the holding of an annual conference on national income and
wealth. The First Indian Conference on Research in National Income was
organised by the Central Statistical Organisation (CSO) in early 1957.
In 1964, this conference was converted into the Indian Association for
Research in National Income and Wealth (IARNIW). Dr. V.K.R.V Rao was the
first President of IARNIW. He is credited with the building of IARNIW as
an independent research body under the aegis of the Central Statistical
IARNIW is a registered
non-profit institution. The activities of IARNIW are generally financed
from grants made available by the Ministry of Statistics & Programme
Implementation, Planning Commission and the Reserve Bank of India.
Contribution of IARNIW Seminars and Conferences in the Development of
the Indian System of National Accounts
The IARNIW seminars and
conferences have served as effective platform for discussing the
conceptualisation and changes in the Indian System of National Accounts
over the years. Thus the improvements in the system of national
accounts, revisions of base years of constant price series, introduction
of various macro-economic aggregates, savings, capital formation,
consumption expenditure, public sector accounts, input-output tables,
capital stock, disaggregated statements and developments of state income
accounts were themes for critical discussions in the IARNIW.
The introduction of the
International System of National Accounts in 1968 and 1993 were
discussed by the IARNIW conferences and the views of IARNIW were
conveyed to the United Nations for necessary changes in these systems.
The presence of a large
number of Official Statisticians from the Ministry of Statistics,
Reserve Bank of India etc, directly involved in the compilation of the
National Accounts Statistics, in the Association provides a unique
platform for bringing together research workers, academics from research
institutions and universities.